[XMR] Monero Speculation - page 328.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: cAPSLOCK on March 14, 2018, 10:27:53 AM

Quote from: johnalan on March 14, 2018, 08:01:18 AM

I agree with you.
Any thought's on the market?

I am a terrible speculator. I should probably not even post in this thread. Wink

I think XMR is suffering from a set of circumstances.

1. Last winter's crypto explosion, and current correction. Looks to me like Bitcoin is trying to decide if it is going to continue the bear or get back on the rocket. Looks to me like it is continuing the bear. This has a HUGE impact on all of crypto including XMR.
2. The forkcoin. This created some sort of "artificial" volume and hype moving us into the 30s and now that is gone.

This combination looks short term bearish for XMR to me.

I remain long term bullish on this project, and it's value.

Keep crashing monero. I actually have dry powder for once!

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: johnalan on March 14, 2018, 08:01:18 AM

I agree with you.
Any thought's on the market?

I am a terrible speculator. I should probably not even post in this thread. Wink

I think XMR is suffering from a set of circumstances.

1. Last winter's crypto explosion, and current correction. Looks to me like Bitcoin is trying to decide if it is going to continue the bear or get back on the rocket. Looks to me like it is continuing the bear. This has a HUGE impact on all of crypto including XMR.
2. The forkcoin. This created some sort of "artificial" volume and hype moving us into the 30s and now that is gone.

This combination looks short term bearish for XMR to me.

I remain long term bullish on this project, and it's value.

garytheasshole

full member

Activity: 406

Merit: 105

Chosŏn Minjujuŭi Inmin Konghwaguk

Quote from: Nathan047 on March 14, 2018, 09:05:18 AM

Quote from: Globb0 on March 13, 2018, 05:44:06 PM

We need once and for all to break the link to the scammy CryptoNote [...]

Wasn't the tie broken when Bitmonero became Monero? I thought that was all long behind it and no longer an issue.

Kept the pow though.

Nathan047

sr. member

Activity: 504

Merit: 250

Quote from: Globb0 on March 13, 2018, 05:44:06 PM

We need once and for all to break the link to the scammy CryptoNote [...]

Wasn't the tie broken when Bitmonero became Monero? I thought that was all long behind it and no longer an issue.

johnalan

member

Activity: 200

Merit: 47

Quote from: cAPSLOCK on March 14, 2018, 07:34:22 AM

Quote from: Dotto on March 14, 2018, 06:29:03 AM

ASICs are a direct speedway to centralization. Do you want to concentrate a lot of XMR essence/power into the hands of a Jihan Wu kind of guy?. Nothing good can come from that. Let´s keep the proyect open and distrubuted, even if in hands of botnets

Depending on the algorithm we might be handing that power to literally Jihan Wu himself. I imagine SHA256 would be a contender.

Removing CPU friendliness also would kill browser mining, which unlike botnets, has some positive, in the light sorts of applications. Like salon.com

I remain sold on being ASIC resistant. But this is a good conversation.

I agree with you.
Any thought's on the market?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Dotto on March 14, 2018, 06:29:03 AM

ASICs are a direct speedway to centralization. Do you want to concentrate a lot of XMR essence/power into the hands of a Jihan Wu kind of guy?. Nothing good can come from that. Let´s keep the proyect open and distrubuted, even if in hands of botnets

Depending on the algorithm we might be handing that power to literally Jihan Wu himself. I imagine SHA256 would be a contender.

Removing CPU friendliness also would kill browser mining, which unlike botnets, has some positive, in the light sorts of applications. Like salon.com

I remain sold on being ASIC resistant. But this is a good conversation.

johnalan

member

Activity: 200

Merit: 47

Quote from: aminorex on March 14, 2018, 07:25:13 AM

Once you go ASIC positive you can't go back. I consider the advent of BCH a negative. My impression is that the market nearly flipped, and that in large part due to the centralizing influence of ASICs. It is not a future I would want for Monero.

This market has me nervy.

What's you medium term outlook frnd?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Once you go ASIC positive you can't go back. I consider the advent of BCH a negative. My impression is that the market nearly flipped, and that in large part due to the centralizing influence of ASICs. It is not a future I would want for Monero.

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

ASICs are a direct speedway to centralization. Do you want to concentrate a lot of XMR essence/power into the hands of a Jihan Wu kind of guy?. Nothing good can come from that. Let´s keep the proyect open and distrubuted, even if in hands of botnets

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

~~I actually like Fluffy's suggestion of a x11 switch until the next HF and then settling on one then.~~

Well I thought it was funny.

...as usual I picked the wrong time to buy. Cheesy

/hodl mode on

HanvanBitcoin

full member

Activity: 308

Merit: 100

€200 a piece looks like a good buy to me for Monero Grin

Just bought myself a couple more.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Globb0 on March 13, 2018, 05:44:06 PM

Quote from: Hueristic on March 13, 2018, 04:59:48 PM

Changing Algo was always in the future, it has to be.

I like this the best.

We need once and for all to break the link to the scammy CryptoNote

From there forth we forge our own destiny.

That shit dragged us down far too long.

Phil

Thx

Quote from: Anon136 on March 13, 2018, 05:41:25 PM

Quote from: johnalan on March 13, 2018, 05:37:22 PM

Maybe I spoke too soon!

https://twitter.com/CNBCFastMoney/status/973679299596292096

Wink

From those comments it appears CNBC crypto class is a bit of a meme. Everyone there is saying, quite contrary to being bullish, it is literally the most bearish thing in the known universe.

LOL, I was really happy I just got another @ .02715 !
It's tougher on binance to get a lower price i've found.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: Hueristic on March 13, 2018, 04:59:48 PM

Changing Algo was always in the future, it has to be.

I like this the best.

We need once and for all to break the link to the scammy CryptoNote

From there forth we forge our own destiny.

That shit dragged us down far too long.

Phil

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: johnalan on March 13, 2018, 05:37:22 PM

Maybe I spoke too soon!

https://twitter.com/CNBCFastMoney/status/973679299596292096

Wink

From those comments it appears CNBC crypto class is a bit of a meme. Everyone there is saying, quite contrary to being bullish, it is literally the most bearish thing in the known universe.

johnalan

member

Activity: 200

Merit: 47

Quote from: Hueristic on March 13, 2018, 04:59:48 PM

Quote from: jwinterm on March 13, 2018, 11:31:33 AM

Quote from: Aby Normal on March 13, 2018, 11:05:06 AM

To ASIC or not to ASIC the question is now ...
To give major part of coin emission to a small group of large capital investors or to give a little bit to every one (the people) the question is now ...

ASIC folks, go fork ya'selves Cool

I think othe makes a good point in the GitHub discussion, re: botnets and hobbyists.

I think another point to consider is whether or not Monero is going to abandon its six month hard fork cycle at some point. It was my impression that over the next year or three the protocol would mature, and the constant hard forks/upgrades would be phased out. If you're planning on forking constantly to try and evade silicon this becomes impossible, and you impose constant upgrades on users, exchanges, services, etc.

Just by doing it once proves that you are willing to do it again and adds a deterrent. AFA in the future, well that can be tackled then, right now we can get free HF with the Updates that are planned anyway.

Changing Algo was always in the future, it has to be.

Quote from: johnalan on March 13, 2018, 04:26:50 PM

Quote from: explorer on March 13, 2018, 04:09:46 PM

Embracing ASICs would be a big FUCK YOU to everyone trying to distribute the network. Seems to have worked well for bitcoin. If you can't beat 'em, so be it. But I expect at least an attempt.

I wish the sell side on Polo would make an attempt. Fucking joke.

0.024 incoming it seems.

c'est la vie

Maybe I spoke too soon!

https://twitter.com/CNBCFastMoney/status/973679299596292096

Wink

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: jwinterm on March 13, 2018, 11:31:33 AM

Quote from: Aby Normal on March 13, 2018, 11:05:06 AM

To ASIC or not to ASIC the question is now ...
To give major part of coin emission to a small group of large capital investors or to give a little bit to every one (the people) the question is now ...

ASIC folks, go fork ya'selves Cool

I think othe makes a good point in the GitHub discussion, re: botnets and hobbyists.

I think another point to consider is whether or not Monero is going to abandon its six month hard fork cycle at some point. It was my impression that over the next year or three the protocol would mature, and the constant hard forks/upgrades would be phased out. If you're planning on forking constantly to try and evade silicon this becomes impossible, and you impose constant upgrades on users, exchanges, services, etc.

Just by doing it once proves that you are willing to do it again and adds a deterrent. AFA in the future, well that can be tackled then, right now we can get free HF with the Updates that are planned anyway.

Changing Algo was always in the future, it has to be.

Quote from: johnalan on March 13, 2018, 04:26:50 PM

Quote from: explorer on March 13, 2018, 04:09:46 PM

Embracing ASICs would be a big FUCK YOU to everyone trying to distribute the network. Seems to have worked well for bitcoin. If you can't beat 'em, so be it. But I expect at least an attempt.

I wish the sell side on Polo would make an attempt. Fucking joke.

0.024 incoming it seems.

c'est la vie

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: denetci on March 13, 2018, 02:53:03 PM

Is the PoW change code final, can we start working on pool/miner updates?
i am not sure but It is merged, so it should be final.

Yes of course the POW change is final. Discussion is there for next hardforks. Same as was discussion in past to do a POW change altho many was upset that was so sudden decision. Binaries to update for everyone are usually out a week before hardfork happen. And usually there are some bugs and we get new few days latter.

johnalan

member

Activity: 200

Merit: 47

Quote from: explorer on March 13, 2018, 04:09:46 PM

Embracing ASICs would be a big FUCK YOU to everyone trying to distribute the network. Seems to have worked well for bitcoin. If you can't beat 'em, so be it. But I expect at least an attempt.

I wish the sell side on Polo would make an attempt. Fucking joke.

0.024 incoming it seems.

explorer

legendary

Activity: 2016

Merit: 1259

Embracing ASICs would be a big FUCK YOU to everyone trying to distribute the network. Seems to have worked well for bitcoin. If you can't beat 'em, so be it. But I expect at least an attempt.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: Anon136 on March 13, 2018, 12:50:37 PM

Quote from: cAPSLOCK on March 13, 2018, 08:19:47 AM

Quote from: Billy Bunter on March 13, 2018, 06:54:42 AM

Interesting GitHub discussion, initiated by smooth, as to whether Monero should begin to embrace ASICS instead of opposing them. Raises some interesting questions.

https://github.com/monero-project/monero/issues/3387#issuecomment-372283631

I am glad to see what appears to be a little bit of balance. I understand the ideal of one CPU one vote, but many folks who would argue against ASICs will also argue in defense of botnets. The botnet defense usually goes like: "They are securing the network, and they are incentivized not to wreck it by their financial stake".

This exact same argument can be used for ASICs.

I believe the question at the heart of this idea is clear: Is it desirable to stick to the original 1 CPU 1 vote vision? And if so, is it FEASIBLE to continue to enforce that vision? With ASICs already in the wild it is a very valid set of questions.

If the answer to either is NO, then arguably we should move towards not only allowing ASIC development, but making it as easy as possible.

Disclaimer - I have been fairly firmly in the "original vision" camp for a long time. But over the years I have grown more amenable to considering other options.

Yea I agree. If you cant beat them, join them. But only when you are sure that you can not beat them. We should try this plan to routinely alter the proof of work and see how that goes first.

and from what I have seen written, its supposed to be the threat of a change that is the deterrent.

after 1 fork from CN there will already be less incentive to risk it again.

Topic: [XMR] Monero Speculation - page 328. (Read 3314316 times)